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Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Schedule of reconciliation of NOI to net income
A reconciliation of NOI to net income for the three and nine months ended September 30, 2015 and 2014 is as follows (dollars in thousands):
 
For the three months ended
 
For the nine months ended
 
9/30/2015
 
9/30/2014
 
9/30/2015
 
9/30/2014
Net income
$
206,076

 
$
241,001

 
$
586,381

 
$
554,801

Indirect operating expenses, net of corporate income
13,427

 
13,173

 
43,642

 
36,333

Investments and investment management expense
1,167

 
1,079

 
3,274

 
3,195

Expensed acquisition, development and other pursuit costs, net of recoveries
3,391

 
406

 
5,251

 
3,139

Interest expense, net (1)
43,234

 
46,376

 
133,398

 
132,631

(Gain) loss on extinguishment of debt, net
(18,987
)
 
—

 
(26,736
)
 
412

General and administrative expense
10,503

 
11,290

 
32,614

 
30,745

Equity in income of unconsolidated real estate entities
(20,554
)
 
(130,592
)
 
(68,925
)
 
(143,527
)
Depreciation expense (1)
120,184

 
111,836

 
355,664

 
328,598

Casualty and impairment loss (gain), net
658

 
—

 
(10,668
)
 
—

Gain on sale of real estate assets
(35,216
)
 
—

 
(115,798
)
 
(60,945
)
Gain on sale of discontinued operations
—

 
—

 
—

 
(37,869
)
Income from discontinued operations
—

 
—

 
—

 
(310
)
Net operating income from real estate assets sold or held for sale, not classified as discontinued operations
(843
)
 
(4,144
)
 
(3,634
)
 
(16,666
)
        Net operating income
$
323,040

 
$
290,425

 
$
934,463

 
$
830,537

__________________________________

(1) Includes amounts associated with assets sold or held for sale, not classified as discontinued operations.
Schedule of net operating income from real estate assets sold or held for sale, not classified as discontinued operations
The following is a summary of NOI from real estate assets sold or held for sale, not classified as discontinued operations, for the periods presented (dollars in thousands):
 
For the three months ended
 
For the nine months ended
 
9/30/2015
 
9/30/2014
 
9/30/2015
 
9/30/2014
 
 
 
 
 
 
 
 
 Rental income from real estate assets sold or held for sale, not classified as discontinued operations
$
1,353

 
$
6,904

 
$
6,162

 
$
27,499

 Operating expenses from real estate assets sold or held for sale, not classified as discontinued operations
(510
)
 
(2,760
)
 
(2,528
)
 
(10,833
)
Net operating income from real estate assets sold or held for sale, not classified as discontinued operations
$
843

 
$
4,144

 
$
3,634

 
$
16,666
Schedule of details of segment information
 
For the three months ended
 
For the nine months ended
 
 
 
Total
revenue
 
NOI
 
% NOI  change from  prior year
 
Total
revenue
 
NOI
 
% NOI  change from  prior year
 
Gross
real estate (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the period ended September 30, 2015
 
 

 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Established
 

 
 

 
 

 
 
 
 
 
 
 
 

New England
$
50,377

 
$
32,202

 
3.1
 %
 
$
147,138

 
$
91,026

 
0.6
 %
 
$
1,487,944

Metro NY/NJ
98,585

 
68,973

 
3.7
 %
 
289,288

 
201,962

 
3.2
 %
 
3,196,771

Mid-Atlantic
52,839

 
36,157

 
0.3
 %
 
156,806

 
108,125

 
(0.4
)%
 
2,172,951

Pacific Northwest
19,493

 
13,502

 
5.1
 %
 
57,029

 
40,532

 
7.3
 %
 
720,223

Northern California
69,850

 
53,095

 
9.5
 %
 
202,508

 
155,464

 
10.8
 %
 
2,412,264

Southern California
65,019

 
43,714

 
7.9
 %
 
190,513

 
130,278

 
9.1
 %
 
2,505,625

Total Established
356,163

 
247,643

 
5.1
 %
 
1,043,282

 
727,387

 
5.1
 %
 
12,495,778

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Stabilized
56,571

 
36,930

 
N/A

 
165,335

 
108,283

 
N/A

 
2,106,947

Development / Redevelopment
59,112

 
38,467

 
N/A

 
152,694

 
98,793

 
N/A

 
3,795,868

Land Held for Future Development
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
553,729

Non-allocated (2)
2,161

 
N/A

 
N/A

 
7,714

 
N/A

 
N/A

 
50,556

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
$
474,007

 
$
323,040

 
11.2
 %
 
$
1,369,025

 
$
934,463

 
12.5
 %
 
$
19,002,878

 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the period ended September 30, 2014 (3)
 
 

 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Established
 

 
 

 
 

 
 
 
 
 
 
 
 

New England
$
46,788

 
$
30,258

 
4.6
 %
 
$
133,732

 
$
85,123

 
0.9
 %
 
$
1,363,271

Metro NY/NJ
93,905

 
65,839

 
3.8
 %
 
231,259

 
161,879

 
2.4
 %
 
2,297,417

Mid-Atlantic
47,122

 
32,284

 
(2.2
)%
 
73,964

 
51,947

 
(3.3
)%
 
645,872

Pacific Northwest
16,744

 
11,668

 
9.4
 %
 
40,437

 
28,104

 
6.3
 %
 
499,611

Northern California
64,120

 
48,805

 
12.2
 %
 
129,560

 
99,030

 
7.8
 %
 
1,401,286

Southern California
63,126

 
41,655

 
6.8
 %
 
103,919

 
71,054

 
4.5
 %
 
1,224,729

Total Established
331,805

 
230,509

 
5.5
 %
 
712,871

 
497,137

 
3.0
 %
 
7,432,186

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Stabilized
45,003

 
31,926

 
N/A

 
370,569

 
255,350

 
N/A

 
6,003,229

Development / Redevelopment
44,310

 
27,990

 
N/A

 
125,215

 
78,050

 
N/A

 
3,639,770

Land Held for Future Development
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
176,484

Non-allocated (2)
2,503

 
N/A

 
N/A

 
8,253

 
N/A

 
N/A

 
34,018

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
$
423,621

 
$
290,425

 
13.6
 %
 
$
1,216,908

 
$
830,537

 
16.5
 %
 
$
17,285,687

__________________________________

(1)
Does not include gross real estate assets held for sale of $245,060 as of September 30, 2014.
(2)
Revenue represents third-party management, asset management and developer fees and miscellaneous income which are not allocated to a reportable segment.